DREDGECORP

Dredging Corporation of India share price & financials

Price
₹1,136
Market cap
₹2.9k Cr
Sector
Services

What Dredging Corporation of India Limited does

Dredging Corporation of India provides maintenance and capital dredging, land reclamation, beach nourishment, inland waterways dredging and project management consultancy to major and minor ports, the Indian Navy, fishing harbours, shipyards and maritime organisations across India. It earns by deploying its own fleet of dredgers on contracts to deepen and maintain navigation channels, reclaim land from water bodies, and restore shorelines. Four Port Trusts of the Government of India are its promoter shareholders, and it has been in maritime infrastructure services since 1976.

Segments

  • Maintenance Dredging
  • Capital Dredging
  • Land Reclamation & Beach Nourishment
  • Inland Waterways Dredging
  • Project Management Consultancy
Fleet composition
10 trailing suction hopper dredgers, 2 cutter suction dredgers, 1 backhoe dredger plus ancillary craft
Coastline presence
Operations across India's 7,500 km coastline and beyond
Total hopper dredging capacity
59,000 m3
Annual dredging capability
60 million m3 ("can dredge")
Client base
Major and minor ports, Indian Navy, fishing harbours, shipyards, maritime organisations
Quality/environmental certifications
ISO 9001:2015 (Quality Management) and ISO 14001:2015 (Environmental Management)
Founded 1976Headquarters Visakhapatnam, Andhra Pradesh Company website

Quarterly results

Q1 FY27: revenue up 46.7%, net profit up 147.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue204 324 462 242 212 +4%276 −15%478 +3%355 +47%
EBITDA-2 52 77 47 25 +1350%33 −37%143 +86%62 +32%
Net profit-34 16 21 -23 -34 +0%-25 −256%87 +314%11 +148%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +60.9% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹646 on 10 Sept 2025 → ₹1,039.7. High ₹1,232.5 (3 Jun 2026), low ₹597.45 (14 Oct 2025).

Financials, as filed

Revenue grew 1.2% a year over 3 years, FY23 to FY26. Operating margin widened to 20.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹945 Cr₹1.1k Cr₹1.2k Cr
Operating profit₹-19 Cr₹201 Cr₹139 Cr₹248 Cr
Operating margin-1.6%21.3%12.2%20.5%
Interest₹30 Cr₹29 Cr₹53 Cr₹89 Cr
Depreciation₹150 Cr₹141 Cr₹152 Cr₹158 Cr
Net profit₹-196 Cr₹33 Cr₹-28 Cr₹5 Cr
Net margin-16.8%3.5%-2.5%0.4%
Cash from operations₹148 Cr₹191 Cr₹112 Cr₹142 Cr
Free cash flow₹-27 Cr₹-100 Cr₹-367 Cr₹-228 Cr
ROCE-10.0%4.0%0.0%4.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹28 Cr₹28 Cr₹28 Cr₹28 Cr₹28 Cr₹28 Cr
Reserves₹1.4k Cr₹1.4k Cr₹1.2k Cr₹1.2k Cr₹1.1k Cr₹1.2k Cr
Borrowings₹427 Cr₹273 Cr₹281 Cr₹558 Cr₹1.1k Cr₹1.1k Cr
Other liabilities₹444 Cr₹627 Cr₹817 Cr₹581 Cr₹465 Cr₹748 Cr
Total liabilities₹2.3k Cr₹2.3k Cr₹2.3k Cr₹2.4k Cr₹2.7k Cr₹3.1k Cr
Fixed assets₹1.6k Cr₹1.6k Cr₹1.5k Cr₹1.4k Cr₹1.3k Cr₹1.2k Cr
Capital work in progress₹12 Cr₹29 Cr₹5 Cr₹344 Cr₹728 Cr₹894 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹645 Cr₹698 Cr₹791 Cr₹620 Cr₹687 Cr₹964 Cr
Total assets₹2.3k Cr₹2.3k Cr₹2.3k Cr₹2.4k Cr₹2.7k Cr₹3.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.20 pp while FIIs added +0.82 pp. The shareholder count grew 2% to 49,078.

Promoters
73.5%
FIIs
1.0%
DIIs
6.7%
Government
0.0%
Public
18.8%

Since Jun 2025

  • Public −1.20 pp
  • FIIs +0.82 pp
  • DIIs +0.43 pp

How it drifted, 12 quarters

Over this window the public fell from 19.9% to 18.8% — −1.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.5%, FIIs 0.3%, DIIs 6.4%, Government 0.1%, Public 19.9%.Dec '23: Promoters 73.5%, FIIs 0.1%, DIIs 5.3%, Government 0.1%, Public 21.1%.Mar '24: Promoters 73.5%, FIIs 0.3%, DIIs 5.1%, Government 0.1%, Public 21.0%.Jun '24: Promoters 73.5%, FIIs 0.3%, DIIs 5.1%, Government 0.1%, Public 21.0%.Sep '24: Promoters 73.5%, FIIs 0.2%, DIIs 5.6%, Government 0.1%, Public 20.6%.Dec '24: Promoters 73.5%, FIIs 0.2%, DIIs 6.6%, Government 0.1%, Public 19.7%.Mar '25: Promoters 73.5%, FIIs 0.5%, DIIs 6.6%, Government 0.1%, Public 19.4%.Jun '25: Promoters 73.5%, FIIs 0.2%, DIIs 6.3%, Government 0.1%, Public 20.0%.Sep '25: Promoters 73.5%, FIIs 0.1%, DIIs 6.6%, Government 0.1%, Public 19.7%.Dec '25: Promoters 73.5%, FIIs 0.5%, DIIs 8.2%, Government 0.1%, Public 17.8%.Mar '26: Promoters 73.5%, FIIs 0.4%, DIIs 8.3%, Government 0.0%, Public 17.8%.Jun '26: Promoters 73.5%, FIIs 1.0%, DIIs 6.7%, Government 0.0%, Public 18.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dredging Corporation of India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Visakhapatnam Port Trust 19.47%unchanged
Paradip Port Trust 18.00%unchanged
Jawaharlal Nehru Port Authority 18.00%unchanged
Deendayal Port Authority 18.00%unchanged
Invesco India PSU Equity Fund Mutual fund4.79%newly disclosed
Life Insurance Corporation Of India Insurer1.12%−2.16 pp
Invesco India Flexi Cap Fund Mutual fund—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Dredging Corporation of India Limited

Guides on how to read this kind of business and the numbers that matter.